Clearing and bookkeeping processing for CME Auction Markets

 In September 2005, CME will launch a new initiative – CME Auction Markets™ – in partnership with Goldman Sachs.  CME Auction Markets will provide market participants with an innovative new set of event-driven economic derivative products.  The auctions will be conducted using a patented process of mutualized order-filling developed and operated by Longitude, Inc.  Please see:

CME's press release, at www.cme.com/about/press/cn/05-90GoldmanSachs13741.html
CME's new Economic Derivatives web section – at www.cme.com/economicderivatives 
 

Access to CME Auction Markets will roll out in two phases.  In the first phase, starting in September, trading access will be via web browser.  In the second phase, starting in January 2006, CME Economic Derivatives products  will be available for trading via CME® Globex® – for example, via iLink connections to CME Globex or via GL Trader workstations.